American Stock Exchange Launches Trading in Powershares' First Global ETFs
14 June 2007 - 4:40AM
PR Newswire (US)
NEW YORK, June 13 /PRNewswire/The American Stock Exchange(R)
(Amex(R)) today announced that it has launched trading in five new
exchange traded funds (ETFs) from PowerShares Capital Management
LLC (PowerShares). "The Amex and PowerShares share a long and
collaborative commitment to introducing new and innovative products
to the investment community," said Scott Ebner, Senior Vice
President of the Amex ETF Marketplace. "These new ETFs provide
investors with a broad and diverse spectrum of international
exposure." PowerShares Global Clean Energy Portfolio (Symbol: PBD)
PBD seeks to track the WilderHill New Energy Global Innovation
Index(TM), which consists of companies whose technologies focus on
the generation and use of cleaner energy, conservation and
efficiency, and the advancement of renewable energy in general as
determined by WilderHill New Energy Finance, LLC. PowerShares
Dynamic Europe Portfolio (Symbol: PEH) PEH seeks to track the QSG
Active Europe Index, which is comprised of 250 stocks of European
companies selected on the basis of their capital appreciation
potential as identified by Quantitative Services Group, LLC
pursuant to a proprietary quantitative methodology. PowerShares
Dynamic Asia Pacific Portfolio (Symbol: PUA) PUA seeks to track the
QSG Asia-Pacific Opportunities Index, which is comprised of 125
stocks of Asia Pacific companies selected on the basis of their
capital appreciation potential as identified by the Quantitative
Services Group, LLC pursuant to a proprietary quantitative
methodology. PowerShares Global Water Portfolio (Symbol: PIO) PIO
seeks to track the Palisades Global Water Index(TM), a modified
equal- dollar weighted index comprised of publicly traded global
water companies listed on a major international stock exchange
whose business stands to benefit substantially from the quantity
and/or quality issues associated with the global management of
water resources. PowerShares Dynamic Developed International
Opportunities Portfolio (Symbol: PFA) PFA seeks to track the QSG
Developed International Opportunities Index, which consists of 250
global equities selected on the basis of their capital appreciation
potential as identified by Quantitative Services Group, LLC
pursuant to a proprietary quantitative methodology. Goldman Sachs
Execution & Clearing, LP is the specialist for PBD and PIO.
Kellogg Capital Group, LLC is the specialist for PUA. LaBranche
Structured Products, LLC is the specialist for PEH and PFA. Options
will not be traded on these funds. About the American Stock
Exchange The American Stock Exchange (Amex) offers trading across a
full range of equities, options and exchange traded funds (ETFs),
including structured products and HOLDRS. In addition to its role
as a national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex lists 320 ETFs
to date. The Amex is also one of the largest options exchanges in
the U.S., trading options on broad-based and sector indexes as well
as domestic and foreign stocks. For more information, please visit
http://www.amex.com/. DATASOURCE: The American Stock Exchange
CONTACT: Bari Trontz of American Stock Exchange, +1-212-306-8964,
Web site: http://www.amex.com/
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